d1g1t, a Toronto, ON, Canada-based institutional-grade wealth management platform for Financial Advisors, RIAs, and Multi-Family Offices, closed a combined equity and debt financing round.
The amount of the deal was not disclosed.
U.S.-based existing investor MissionOG led the equity investment, which included participation of existing investors CI Financial; NA Ventures; Illuminate Financial; and Purpose, as well as existing angel investors. Also participating in the round is new investor FigTree Financial, a multi-family office and a d1g1t client. CIBC Innovation Banking, the technology and innovation focused team within Canadian Imperial Bank of Commerce (CIBC), led the round’s debt facility.
The company will leverage the funding to continue its rapid expansion in the U.S., scale operations, as well as continue its R&D investment to expand the platform capabilities and advance product innovation.
The financing follows d1g1t’s continued success, where in a short time it has grown its platform to service thousands of advisors at leading wealth management firms and multi-family offices in Canada, the U.S. and the Caribbean, managing over $200 Billion in Assets. In the last year, d1g1t has been recognized with several awards, including Deloitte’s Fast 50, the Best Enterprise Wealth Management Platform in the 2023 Fintech Awards, and the WealthTech 100 as one of the world’s most innovative WealthTech companies.
Led by Dr. Dan Rosen, co-Founder and CEO, d1g1t is an institutional-grade Wealth Management Platform for Advisors, Multi-family Offices, RIAs, and Broker Dealers to manage the entire wealth advisory life cycle through a seamless workflow for reporting, operational efficiencies and intelligence.
FinSMEs
29/09/2023